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Index Trends 8/24/04


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#1 Porter

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Posted 24 August 2004 - 08:26 PM

Monthly Trend Value -4 (mixed) Weekly Trend Value -2 (mixed) Daily Trend Value 8 (trending up) 45-minTrend Value 3 (mixed) Turtle Trend (LT) -4 (running downtrend) SPU Trend ..........Q......M.....W.....D.....45' SPU....U......U......U.....U......U Value..2......0......1......2......2 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Down Monthly--Down Globex 45-min Trend Questionable 135-min Trend Questionable ------------- Keltner Band Trend 10-day Up 7-day Up 2-day Down ----------- Moving Average Trend Mason-Dixon (NDX 200H) Neutral Gator (SPX 13D+8) Up Mallory (NYA 49D) Neutral SB (SPX 75D) Down Chandelier Trend Zweig (MID5%) Down Stox (NAZ9%) Down Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM N/A NY 10D NH% Up ND 5D DEAD N/A NY Vol McSum Up ND Vol McSum Up Seven Sentinels ...TrinQ Sell ...TrinY Buy ...NAMO Buy ...NYMO Sell ...NAHL Buy ...NYHL Buy ...BPCompQ Buy Commentary The Merrill Lynch High Yield Corporate Bond index made a record high. The NDX is hugging the Mason-Dixon line. Porter